Core Viewpoint - Baotou Tianhe Magnetic Materials Technology Co., Ltd. is actively responding to national policies by planning to invest 850 million yuan in a high-performance rare earth permanent magnet and component manufacturing and R&D project, which will be executed in two phases [1] Group 1 - The subsidiary Tianhe New Materials plans to invest 210 million yuan in the first phase of the project [1] - A related meeting on October 9 approved the subsidiary's external investment proposal [1] - Tianhe New Materials has signed an investment agreement for the first phase of the project with the Baotou Rare Earth High-tech Zone Management Committee [1]